Express Scripts Trying to Save More
By: Leon Castles
on Wednesday, April 11, 2012
Companies today are looking to make more profits through their savings and that is what Express Scripts is doing at the moment since they have made the Medco deal. The company has now named Pat McNamee as the Chief Operating Officer that has managed to squeezed out more than $1 billion by trying to merge the company. Many experts feel that although it was good moves by Express Scripts they have already created a lot of controversy in the market and that has only worsen the case in the market.
The company followed the instructions of the COO and decided to go for the $29.1 billion acquisition with Medco Health Solutions mainly because Medco has a bigger purchasing power for various prescription drugs. On the other hand, the company will now have less employees that they need to pay and therefore the company will have reductions in employee payments and other facilities that they need to provide. Currently, the company is holding 40% of the market but with this deal it is assumed that the company will have better market capture. Express Scripts is now looking forward to the case that they have on their hand. The company will also work on how they need to execute their future financial plans.